Venice AI has successfully raised $65 million in its Series A funding round, according to founder Erik Voorhees. The company opted to sell equity rather than directly selling its VVV tokens, despite a 700% increase in VVV's value this year. Venice AI remains the largest holder of VVV, with over 30 million tokens, representing more than 37.5% of the total supply of 80 million. Investors in this round received an 8.98% equity stake, 1.5 million VVV tokens, and the option to purchase an additional 5 million VVV tokens over the next eight years. If fully exercised, Venice AI's total funding could reach $131.5 million. The tokens are subject to a one-year lock-up, followed by a three-year linear release, with an expected daily circulation increase of less than 6,000 tokens, about 0.2% of the current daily trading volume. Venice AI plans to continue its revenue buyback and token burn model to align incentives among the company, venture capitalists, and the community.